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CXApp
CXApp Inc. began trading publicly in March 2023 after completing a business combination with KINS Technology Group, a special-purpose acquisition company.
CXApp
CXApp Inc. began trading publicly in March 2023 after completing a business combination with KINS Technology Group, a special-purpose acquisition company. The entity represents the carved-out software assets of Inpixon, an indoor-intelligence firm where Khurram Sheikh had served as CEO since 2016. The separation turned CXApp into a standalone enterprise focused on mapping, wayfinding, and workplace-analytics applications that layer AI onto corporate campuses. The founding architecture is a corporate spinout, not a traditional venture-backed startup — its revenue base on day one consisted of existing Inpixon enterprise contracts. The firm sells a SaaS platform that lets employees navigate physical offices through a mobile app, booking desks and meeting rooms while employers analyze space utilization. Its customer base spans technology, financial services, and pharmaceutical companies with large real-estate footprints. Named accounts include Qualcomm, EY, and Novartis, alongside major airport and smart-city installations inherited from the parent entity. CXApp operates primarily in North America but supports deployments in the Middle East and Asia Pacific through Inpixon's legacy channel relationships. The revenue model is subscription-driven, with multi-year contracts that embed the software into corporate facilities management workflows. Scale remains modest. The company reported gross profit of $2.2 million on $3.6 million in annualized revenue during its first partial year as a public company (per SEC filings, 2023). Employee count is not consistently disclosed, though the firm lists a distributed engineering presence in the U.S. and Pakistan. In January 2025, CXApp closed a registered direct offering priced at-the-market, raising nominal capital to fund operations — extending runway for a business that had previously disclosed going-concern doubts. The firm maintains a single headquarters in Palo Alto, California. CXApp differs structurally from generic SaaS startups through its capital-market provenance: it was born via SPAC, not VC, and its public listing subjects it to quarterly earnings scrutiny despite a revenue profile that most venture firms would consider pre-seed scale. The corporate-parent relationship with Inpixon — which retained a controlling equity stake post-separation — creates an unusual governance dynamic where the technology roadmap and legacy installations remain partially interwoven with a third-party balance sheet. Sheikh's dual role as chairman of both entities compounds the entanglement.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Palo Alto
Corporate office
Palo Alto, CA, United States
Principals
Khurram Sheikh
Chairman and CEO
Sector focus
Frequently asked questions
How did CXApp become a public company, and what is its relationship with Inpixon?
CXApp was formed when Inpixon contributed its enterprise apps business into a SPAC called KINS Technology Group, completing the merger in March 2023. Inpixon retained a controlling equity stake in the resulting public company post-transaction. The carve-out structure means CXApp inherited existing customer contracts and technology while remaining legally and operationally entangled with its former parent. Khurram Sheikh serves as chairman and CEO of both entities.
What does CXApp actually sell, and who uses it?
CXApp sells a mobile-application platform that provides indoor mapping, navigation, and workplace-experience features — employees use it to find meeting rooms, book desks, and receive wayfinding directions inside large corporate campuses. The backend includes analytics tools that let real estate and facilities teams track space utilization and employee movement patterns. Named customers include Qualcomm, EY, and Novartis, drawn largely from industries with substantial physical footprints.
What has CXApp's revenue trajectory looked like since going public?
The company disclosed approximately $2.9 million in revenue during the first nine months following the March 2023 merger close, with gross profit of roughly $2.2 million for the period. Full-year 2023 revenue ran at an annualized rate near $3.6 million. The firm's public filings have periodically flagged going-concern risk given operating losses and cash consumption relative to revenue scale.
Does CXApp operate outside the United States?
Yes — through Inpixon's legacy channel relationships and engineering footprint, CXApp supports deployments in the Middle East and Asia Pacific in addition to its North American base. The firm maintains distributed development resources, including a notable engineering presence in Pakistan. International revenue contributions are not material enough to be separately broken out in public filings.
How is CXApp capitalized, and has it raised capital since the SPAC merger?
CXApp accessed public markets through the KINS Technology Group SPAC merger rather than a traditional venture-capital fundraising path. In January 2025, the firm closed a follow-on registered direct offering priced at-the-market, raising a modest amount to extend its operating runway. The company operates without a venture-capital syndicate or institutional growth-equity backing, relying on public-market investors for liquidity.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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